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What’s Happening Across Ontario

Heavy rainfall mixed with melting snow could cause flooding this weekend, warns Environment Canada. Summary Environment Canada is calling for significant rainfall across many regions of Ontario , with totals generally in the 15–40 mm range depending on location. Several areas also face flood risks due to melting snow and frozen ground that can’t absorb water.  Rainfall Amounts 15–40 mm expected from Friday evening to Saturday evening in regions including: Newmarket–Georgina–Northern York Region Barrie–Orillia–Midland Owen Sound–Blue Mountains Perth County Sault Ste. Marie, Elliot Lake, Temiskaming Shores, Manitoulin Similar totals (15–40 mm) forecast for: Greater Sudbury North Bay–West Nipissing Huntsville–Baysville Kitchener–Waterloo Flood Risk Factors Environment Canada and the Insurance Bureau of Canada warn that: Heavy rain + melting snow + frozen ground = high flood potential , especially in low‑lying areas and basements. Southwestern and south‑cen...
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New Tax Measures in 2024


The Canadian government has introduced new tax measures that will affect Canadians in 2024. These measures include the elimination of some short-term rental deductions, new alternative minimum tax rates, and changes to Canada Pension Plan (CPP) contributions. The elimination of some short-term rental deductions was announced in the Fall Economic Statement (FES) and kicks in on Jan. 1. The federal government is now eliminating that tax break, denying operators of short-term rentals any income tax deductions for expenses if they operate in provinces or municipalities that have banned short-term rentals. In provinces that still allow short-term rentals, operators that are not compliant with local regulations and laws will also be denied the deduction.

The GST/HST exemptions will also be affected. The federal government announced it was taking the GST/HST off “professional services rendered by psychotherapists and counselling therapists.”

These changes are not expected to have a significant impact on most individuals, unless they’re high-income earners.

    

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